Commerz Real, a subsidiary of Commerzbank specialising in real estate, has appointed Dirk Holz to head its Luxembourg business. He succeeds Jan-Peter Müller. Holz joins from RBC, where he was head of product management for private capital services.
Category: RBC
Universal-Investment wins EUR4.5bn ManCo mandate
Universal-Investment has been appointed as the new ManCo for the Luxembourg fund portfolio of Switzerland’s Fisch Asset Management. The Fisch Umbrella Fund, with AuC of c. EUR4.5bn (USD5.1bn), covers 13 UCITS sub-funds which include corporate bond, convertible bond and absolute return funds. RBC Investor Services Bank remains responsible for fund administration, custody and transfer agency.…
Richard Street leaves RBC
Richard Street, global head of client coverage, has left RBC Investor & Treasury Services. Street, who joined RBC in 2016 from Citi, assumed the global role after Francis Jackson was promoted to run the investor services business in 2019.
RBC sells HK business to SC
Standard Chartered has agreed to acquire the trustee and domestic asset servicing businesses of RBC Investor & Treasury Services in Hong Kong. The deal, which is subject to regulatory approval, is another step in RBC’s strategy to focus on North America and Europe. In 2020 RBC sold its Hong Kong corporate services business to SMP.
Emma Crabtree joins IQ-EQ
IQ-EQ, the Luxembourg-based investor services provider, has scored a major coup with the hiring of Emma Crabtree as group chief commercial officer. Crabtree joins from BNP Paribas Securities Services, where she was global head of sales for the asset manager and alternatives segments. Before joining BP2S in 2016, Crabtree spent nearly 20 years at RBC.…
RBC hires new head of client operations
RBC Investor & Treasury Services has hired Paul Burd as managing director, global head of client operations. Burd will be based in Luxembourg, reporting to Francis Jackson, head of RBC I&TS. Most recently, Burd was the COO of Six Digital Exchange. Prior to joining SDX, Burd held a variety of roles at HSBC, Goldman Sachs,…
Northern Trust Canada hires two seniors from RBC
Northern Trust Canada has appointed Kim Stevens as CFO. Prior to Northern Trust, she worked at Royal Bank of Canada and TD Bank. Edouard Strew has joined as a senior relationship manager, based in Montréal. He joins from RBC, where he spent more than 15 years.
REQ appoints RBC for Irish ICAV admin
REQ AS, a Norwegian asset manager, has selected RBC Investor Services as the service provider for its Irish UCITS ICAV. RBC will provide administration, depositary, custody and middle office services.
HSBC adds two senior bus dev execs to asset manager team
HSBC’s securities services business has made two senior appointments in its asset manager sector. Mark Low is appointed client executive – asset managers, Europe, reporting to Michelle Butler, head of business development & client management – Europe, asset owners & managers. He joins from RBC where he spent eight years, predominantly responsible for the asset…
RBC launches FX TCA service
RBC Investor & Treasury Services has launched its FX transaction cost analysis (TCA) service for currency overlay services (COS) clients. The service, which uses analytical technology provided by State Street-owned BestX, will provide RBC’s COS clients with independent FX TCA reporting to oversee and assess the execution quality of their COS transactions. COS is available…